ISG Forms Partnership with Ultimate Software
STAMFORD, Conn., Aug. 2, 2018 /PRNewswire/ -- Information Services Group (ISG) (Nasdaq: III), a leading global technology research and advisory firm, today announced a strategic partnership with Ultimate Software, a leading provider of human capital management (HCM) solutions in the cloud.
The non-exclusive partnership gives ISG deeper insights into Ultimate's current solutions, product roadmap and planned investments, knowledge that will help ISG better advise its clients as they consider moves to as-a-service HCM solutions. Under this advisory-only partnership, ISG will remain fully independent, with no reseller, implementation or other financial obligations.
"The move to as-a-service platforms for human resources continues to gain momentum in both the large and middle enterprise markets," said Chip Wagner, partner and president of ISG Business and Emerging Services. "Indeed, our most recent ISG Index™ found the global market for as-a-service solutions grew 51 percent, to $5.4 billion, in the second quarter, and now accounts for 43 percent of the combined global sourcing market, nearly double its share since the beginning of 2014."
SaaS, or Software-as-a-Service, is rapidly becoming the dominant delivery model for HR, with more than half of all new HR technology purchases being SaaS solutions, according to the most recent ISG HR Technology and Service Delivery Survey.
"We see HCM SaaS as a key enabler to organizations transforming their talent acquisition and management in support of the workplace of the future. Toachieve success, organizations are re-imagining their HR delivery models with a user-centric focus, while giving significant attention to change management," according to Deb Card, partner, ISG HR Technology and Delivery Strategies.
ISG's partnership with Ultimate Software is the most recent in a series of alliances ISG has formed with leading technology providers as the firm continues to expand its digital ecosystem.
About Ultimate Software
Ultimate is a leading provider of cloud-based human capital management solutions, with more than 38 million people records in the Ultimate cloud. Ultimate's award-winning UltiPro® delivers HR, payroll, talent, and time and labor management solutions that connect people with the information they need to work more effectively. Founded in 1990, Ultimate is headquartered in Weston, Florida, and employs more than 4,300 professionals. In 2018, Ultimate ranked #3 on Fortune's 100 Best Companies to Work For list, its seventh consecutive year in the top 25, and #1 on Fortune's Best Workplaces in Technology list for the third year in a row. In 2017, Ultimate ranked #7 on Forbes' list of 100 Most Innovative Growth Companies; #2 on People's 50 Companies That Care list; and the National Customer Service Association named Ultimate Service Organization of the Year in the Large Business category. Ultimate has more than 4,100 customers with employees in 160 countries, including Bloomin' Brands, Culligan International, Feeding America, Phoenix Suns, Red Roof Inn, SUBWAY, Texas Roadhouse, and Yamaha Corporation of America. More information on Ultimate's products and services for people management can be found at www.ultimatesoftware.com.
ISG (Information Services Group) (Nasdaq: III) is a leading global technology research and advisory firm. A trusted business partner to more than 700 clients, including 75 of the top 100 enterprises in the world, ISG is committed to helping corporations, public sector organizations, and service and technology providers achieve operational excellence and faster growth. The firm specializes in digital transformation services, including automation, cloud and data analytics; sourcing advisory; managed governance and risk services; network carrier services; technology strategy and operations design; change management; market intelligence and technology research and analysis. Founded in 2006, and based in Stamford, Conn., ISG employs more than 1,300 professionals operating in more than 20 countries—a global team known for its innovative thinking, market influence, deep industry and technology expertise, and world-class research and analytical capabilities based on the industry's most comprehensive marketplace data. For more information, visit www.isg-one.com.
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SOURCE Information Services Group, Inc.
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